Prosecutors appeal acquittal of Mango Markets exploiter Eisenberg

Prosecutors have appealed the acquittal of Avraham Eisenberg in the case involving the DeFi protocol Mango Markets, according to DL News. Last year, a court overturned a guilty verdict for fraud and market manipulation against Eisenberg, ruling that his actions merely exploited a design flaw in the protocol. In their appeal, prosecutors argue the judge ignored key evidence, such as the ordinary meaning of the term "borrow" and the platform's user guide. They further contend that the verdict undermines existing legal principles, stating that the traditional concept of fraud does not change in a blockchain environment. The outcome of the appeal could challenge the "code is law" argument prevalent in the crypto space.